• Return to Headlines

Bullish Moving Average Cross by Simon Property (SPG)

By David Diaz

Today, shares of Simon Property (NYSE:SPG) have crossed bullishly above their 10-day moving average of $162.73 on a volume of 119K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Simon Property has traded in a range of $159.69 to $191.49 and is now at $162.89, 2% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of Simon Property on April 17th, 2019 by issuing a Downtrend alert when the shares were trading at $177.09. Since that call, shares of Simon Property have fallen 8.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses simon property

Ticker(s): SPG